The U.S. Internal Revenue Service (IRS) has revealed its plans to seize citizens’ crypto assets in order to settle unpaid taxes. Agency official Robert Wearing made the announcement earlier this week while addressing a virtual conference. The IRS will seize cryptocurrencies and attempt to follow its usual procedures to sell them and use them to satisfy collection. This […]

Cryptocurrency exchange Binance is reportedly facing an investigation by the U.S. Internal Revenue Service as well as the Department of Justice, according to a report by Bloomberg.

The post Crypto exchange Binance faces investigation by IRS, Department of Justice: report appeared first on The Block.

Hungary may soon become attractive for cryptocurrency investors, as the government is considering reducing tax imposed on crypto trading in 2022. Hungary’s Crypto Tax Reduction Could Attract Investors In a video posted on Facebook Hungary’s Minister of Finance, Mihály Varga, the government official addressing the country revealed that there were plans to reduce the taxRead More

After gaining access to Circle users’ data, the IRS is now looking for Kraken customers who have failed to comply with internal revenue laws.

The court isn't ready to authorize IRS's request to obtain Kraken's customer record saying its too overbroad at the moment.

A fresh survey conducted by Mizuho Securities on March 15, 2021, has revealed that nearly 10 percent of American residents eligible to receive President Biden’s $1,400 COVID-19 stimulus checks in the coming days, are looking to invest it in bitcoin (BTC).  Americans Prepare to Buy More Bitcoin  Since March 12, 2021, the U.S. Internal RevenueRead More

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly...

Police of New Zealand froze NZD140 Million ($90 Million) worth of assets, property of Alexander Vinnik, owner of Canton Business Corporation, who was...

The office of Foreign Assets Control of the U.S. Department of the Treasury announced on June 16 the addition of six Nigerian individuals...

Top ShelfView From the BanksIn an investor note, JPMorgan Chase & Co. analysts noted bitcoin’s success in outperforming traditional assets in March on a...

A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state unemployment insurance programs, with potential losses...

Cybercriminals are taking full advantage of the COVID-19 pandemic, which has forced life into a digital realm, by leveraging increased fear and uncertainty...